What Can History Teach Us About Portola Pharmaceuticals Inc. (PTLA) and Skyworks Solutions Inc. (SWKS)?

On Nov 01, RENTON HOLLINGS, Director exercised an option 5,000 shares of Portola Pharmaceuticals Inc. (NASDAQ: PTLA), with the average selling price of the stock being $9.00 per share. The total amount realized from this exercised an option $45,000. A document was filed with the Securities and Exchange Commission to notify the public about the exercised an option of the shares.

In addition to that, Director – RENTON HOLLINGS sold an extra 5,000 shares of this stock in a transaction that took place a day before, on Nov 01, with a share sold at an average of $30.00 and a total of $150,000 was realized from this transaction. After the transaction, the Director – RENTON HOLLINGS was left with 13,194 shares of the company’s stock, which is currently worth around $395820.0.

The recent price movement of PTLA means that it is now down by -61.03% from its 52-week high and 10.21% up against its 52-week low prices. Over the past one week, the price volatility of PTLA stands at 7.97% while the volatility over the past one month is 5.19%. The beta score for this stock is 2.04. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 11/05/2019 published its latest quarterly earnings, with the report showing that the company recorded -1.04 earnings per share (EPS) during that period. This report was above the expectations of analysts of -1.11 by 0.07. The revenue by the firm was 29.24M for the quarter.

The shares of Portola Pharmaceuticals Inc. (PTLA) dropped by -0.74%, leading to a loss of -$0.11 per share, and saw PTLA end the trading session at $14.79 on Thursday 01/16/20. PTLA started the trading session at $14.96, before reaching a daily high of $15.20. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $14.29.

The trading volume on Thursday stood at 2087217, which was below the stock’s 3-month average volume of 1.29 million shares, out of a total 76.73M shares. As the price of the stock dipped, the market valuation of the company dropped to 1.93 billion.

The shares of Skyworks Solutions Inc. (NASDAQ: SWKS) went up by 2.22% by the end of the recent trading session. This movement saw its price surge to close at $123.09, which was higher than the previous closing price of $120.42. Over the past one week, the price of SWKS has jumped by 2.88%, while it has recorded a gain of 8.78% over the past one month. Its three-month performance saw SWKS gain 43.70% while its six-month performance saw it surge by 51.18%. The situation is different though over the past one year, as the stock price went up by 78.91%, while its year-to-date (YTD) price performance jumped by 1.83%. The stock price has gone up by +43.33% compared to its 90-day low, while it is down -2.12% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 2,156,940 shares, with the short-term indicators averagely rating the stock as a 100% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 2,248,256 shares and the indicators have an average rating of 100% Buy. The last indicators, the long-term see SWKS stock with a 100-Day average volume of 1,974,296 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves SWKS with an average rating of 100% Buy.

Several brokerage firms sent out their reports SWKS stock not long ago. In its report sent out on January 10, 2020, Mizuho lowered its ratings on SWKS from a Neutral to a Buy. In an earlier report on January 06, 2020, Cascend Securities Reiterated the stock to a Buy. BofA/Merrill meanwhile in its report on December 09, 2019 Upgrade its rating of the stock from a “Buy” to “Buy”.

In related news to the company’s stock, around 85.80% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 755 institutions currently hold the SWKS stock. In the last quarter, a 142,651,397 SWKS shares were in the possession of institutions. On the other hand, the company recorded 73 new institutions who bought it their stock, while 80 institutions sold their entire SWKS reserve. Of the current institutions investing in the stock, 330 increased their investment while 307 decreased their investment in the stock.